Public Employees Retirement Association of Colorado acquired a new position in TCF Financial Co. (NYSE:TCF) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 40,844 shares of the bank’s stock, valued at approximately $837,000.
Other hedge funds also recently bought and sold shares of the company. Zions Bancorporation bought a new position in TCF Financial in the 3rd quarter worth approximately $116,000. Evercore Wealth Management LLC bought a new position in TCF Financial in the 3rd quarter worth approximately $128,000. Cerebellum GP LLC bought a new position in TCF Financial in the 4th quarter worth approximately $128,000. Ladenburg Thalmann Financial Services Inc. bought a new position in TCF Financial in the 3rd quarter worth approximately $140,000. Finally, Tiedemann Wealth Management LLC bought a new position in TCF Financial in the 3rd quarter worth approximately $142,000. Hedge funds and other institutional investors own 82.89% of the company’s stock.
Several research analysts recently weighed in on TCF shares. Royal Bank of Canada restated a “buy” rating and issued a $20.00 price objective on shares of TCF Financial in a research report on Friday, October 27th. Deutsche Bank boosted their price objective on shares of TCF Financial from $17.00 to $18.00 and gave the stock a “hold” rating in a research report on Wednesday, November 8th. Zacks Investment Research upgraded shares of TCF Financial from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research report on Wednesday, November 1st. ValuEngine upgraded shares of TCF Financial from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Finally, JPMorgan Chase & Co. boosted their price objective on shares of TCF Financial from $18.00 to $19.00 and gave the stock a “neutral” rating in a research report on Monday, October 30th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $21.58.
In other TCF Financial news, Director Peter Bell sold 15,000 shares of the company’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $20.53, for a total transaction of $307,950.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.50% of the company’s stock.
Shares of TCF Financial Co. (NYSE TCF) opened at $22.25 on Friday. The company has a market cap of $3,788.74, a price-to-earnings ratio of 15.45, a price-to-earnings-growth ratio of 1.58 and a beta of 1.21. TCF Financial Co. has a 1 year low of $14.58 and a 1 year high of $22.42. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.47.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Thursday, February 15th will be given a dividend of $0.15 per share. This is a boost from TCF Financial’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $0.60 annualized dividend and a dividend yield of 2.70%. TCF Financial’s payout ratio is presently 41.67%.
TCF Financial Company Profile
TCF Financial Corporation (TCF) is a bank holding company. The Company’s principal subsidiary is TCF National Bank (TCF Bank). The Company operates in three segments: Consumer Banking, Wholesale Banking and Enterprise Services. Consumer Banking comprises all of the Company’s consumer-facing businesses.
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